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As anxious as they may be to take advantage of the opportunity, there are pitfalls and hidden costs, advisors warn.
August 4 -
Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase.
April 30 -
The nation's largest bank is temporarily reducing its exposure to the mortgage market amid rising unemployment and estimates that home prices could drop by 10%.
April 16 -
Can a home equity line of credit offer clients a bridge loan for troubled times? Says one, “I’m going to call those people and rehire them.”
March 27Mercer Advisors -
A once-popular loan used to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks.
October 28 -
Changes have left some clients surprised by tax bills or tiny refunds. How to explain what happened and prep them for next year.
March 6 -
Sweeping tax changes have made it more important than ever to understand what is, and isn’t, deductible.
April 8 -
Borrowers can still use the allowance as long as it’s for home improvements.
March 20 -
Despite questions about the hastily cobbled legislation, there's some consensus as to what advisors and their clients can do now to avoid unpleasant surprises.
January 29 -
Deciding between a home equity line of credit and cash out refinance mortgage has gotten more complicated following the recently passed tax overhaul.
January 9